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David Redick on Social Security

Republican Senate Challenger


Trust fund is deceptive--we're really on pay-as-you-go now

SS payments are `invested' by law in non-marketable US bonds, and the government spends the money right away. Thus there is no meaningful `trust fund', just another debt (about $26 trillion !!), which is treated as a non-budget item in government accounting (deceptive hiding?). We are in fact on a pay-as-you go plan, with payments from workers going directly to retirees. A private (corporate) pension plan with such rules would be considered a rip-off & fraud, yet we are required by law to join SS
Source: Campaign website, www.redick2006.com Jun 25, 2006

Privatizing should be option if over 40; obligatory if under

Q: Should we privatize Social Security?

A: Yes, as an option to staying on present system if over 40 years old. Younger must privatize in phases, but retain partial got coverage to the extent paid-in.

Source: Email interview with OnTheIssues.org Mar 6, 2006

Allow opting out of Social Security system partly or fully

Dave's Social Security solution give workers an option to; 1) Put half of their current payments into personal accounts (owned by them) as investments or an annuity, 2) Quit the plan entirely, or 3) Stay with the current plan. As a transition, Social Security taxes and benefits would be adjusted to put it on a fully-funded pay-as-you-go basis. President Bush's `Ownership Society' is a step in the right direction.
Source: Campaign website, www.redick2006.com, "Issues" Feb 22, 2006

Other candidates on Social Security: David Redick on other issues:
WI Gubernatorial:
Jim Doyle
WI Senatorial:
Herbert Kohl
Rae Vogeler
Robert Lorge
Russell Feingold

2004 Presidential:
Pres.George W. Bush
Sen.John Kerry
Ralph Nader

2008 possibilities:

Sen.Hillary Clinton
Sen.John Edwards
Sen.Russ Feingold
Rudy Giuliani
V.P.Al Gore
Sen.Barack Obama
Sen.John McCain


2006 Senate retirements:
Jon Corzine(D,NJ)
Mark Dayton(DFL,MN)
Bill Frist(R,TN)
Jim Jeffords(I,VT)
Paul Sarbanes(D,MD)
2006 Senate Races:
(AZ)Kyl v.Pederson
(CA)Feinstein v.Mountjoy
(CT)Lieberman v.Lamont v.Schlesinger
(DE)Carper v.Ting
(FL)Nelson v.Harris
(HI)Akaka v.Thielen
(IN)Lugar v.Osborn
(MA)Kennedy v.Chase
(MD)Cardin v.Steele v.Zeese
(ME)Snowe v.Bright
(MI)Stabenow v.Bouchard
(MN)Kennedy v.Klobuchar
(MO)Talent v.McCaskill
(MS)Lott v.Fleming v.Bowlin
(MT)Burns v.Tester
(ND)Conrad v.Grotberg
(NE)Nelson v.Ricketts
(NJ)Menendez v.Kean
(NM)Bingaman v.McCulloch
(NV)Ensign v.Carter
(NY)Clinton v.Spencer
(OH)DeWine vBrown
(PA)Santorum v.Casey
(RI)Chafee vWhitehouse
(TN)Ford v.Corker
(TX)Hutchison v.Radnofsky
(UT)Hatch v.Ashdown
(VA)Allen v.Webb
(VT)Sanders v.Tarrant
(WA)Cantwell v.McGavick v.Guthrie
(WI)Kohl v.Vogeler v.Redick
(WV)Byrd v.Raese
(WY)Thomas v.Groutage
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